This property looks like a bad Mid-Term investment with a projected -16.44% first-year return on $210k initial cash invested.
-16.44%
Cash On Cash
2.97%
Cap Rate
0.46
DSCR
$4,460
Rent
-$2,882
Cashflow
Cash Flow
$4,460 income − $7,342 expenses = $2,882 out of pocket
Investment Breakdown
|
Purchase Price
$916k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$210k
Downpayment
20%
$183k
Closing costs
1%
$9,161
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,460
Total Expenses
$7,342
Mortgage P&I
112%
$4,974
Property Taxes
9%
$423
Home Insurance
7%
$332
HOA
2%
$97
Property Management
12%
$535
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$491